US Futures Experience Significant Drop

On Thursday, major United States futures saw a sharp decline as investors reacted negatively to the latest earnings reports. IBM led the downturn, plummeting almost 8% in the premarket, signaling widespread disappointment among shareholders.

Trade Tensions with China Remain Unresolved

Despite the Trump administration showing a softer stance on trade issues with China, progress remains elusive. Beijing officials confirmed that negotiations between the two economic powerhouses are currently at a standstill, adding to the market's unease.

Market Performance at a Glance

The Dow Jones slid 0.61%, or 242 points, at 4:11 am ET, closely followed by the Nasdaq 100 and S&P 500, which plummeted 1% and declined 0.76%, respectively. Meanwhile, the euro showed resilience, trading 0.55% above the dollar at 10:23 am ET.